Leap India IPO
Leap India IPO Details
-
Open Date
07 Aug 2026
-
Close Date
11 Aug 2026
- IPO Price Range
₹ 151 to ₹159
- IPO Size
₹ 2,480 Cr
Leap India IPO Timeline
Leap India IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 07-Aug-2026 | 0.64 | 0.12 | 0.14 | 0.28 |
| 10-Aug-2026 | 0.64 | 0.53 | 0.43 | 0.52 |
| 11-Aug-2026 | 17.73 | 13.31 | 1.80 | 8.82 |
Last Updated: 11 August 2026 5:23 PM by 5paisa
LEAP India Ltd provides sustainable supply chain and asset-pooling solutions, offering pallets, reusable containers, material handling equipment, forklifts, and inventory and transportation services. Backed by KKR since 2023, the company serves over 1,000 customers across FMCG, logistics, e-commerce, automotive, and industrial sectors. Its focus on reusable products and responsible sourcing supports ESG goals, while its client base includes leading companies such as Hindustan Coca-Cola, Marico, Daikin, Panasonic, and Toll India Logistics.
Established in: 2013
Managing Director: Sunu Mathew
Leap India Objectives
1. Repayment / prepayment, in full or in part, of certain borrowings availed by the Company
2. General Corporate Purposes
LEAP India IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹2,480 Cr |
| Offer For Sale | ₹2,000Cr |
| Fresh Issue | ₹480 Cr |
LEAP India IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Individual investors (IND) (Min) | 1 | 94 | 14,194 |
| Individual investors (IND) (Max) | 13 | 1,222 | 1,94,298 |
| S - HNI (Min) | 14 | 1,316 | 1,98,716 |
| S - HNI (Max) | 66 | 6,204 | 9,86,436 |
| B - HNI (Min) | 67 | 6,298 | 9,50,998 |
LEAP India IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 17.73 | 3,11,79,259 | 55,28,45,866 | 8,790.249 |
| Non-Institutional Buyers | 13.31 | 2,33,84,434 | 31,11,83,804 | 4,947.822 |
| bNII | 14.49 | 1,55,89,623 | 22,59,71,018 | 3,592.939 |
| sNII | 10.93 | 77,94,811 | 8,52,12,786 | 1,354.883 |
| Individual Investors (IND category bidding for 2 Lots) | 1.80 | 5,45,63,679 | 9,84,86,338 | 1,565.933 |
| Total** | 8.82 | 10,92,05,988 | 96,34,25,364 | 15,318.463 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 364.97 | 466.47 | 729.53 |
| EBITDA | 209.92 | 273.78 | 378.83 |
| PAT | 37.17 | 37.56 | 62.34 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 1400.28 | 2042.46 | 2401.05 |
| Share Capital | 2.73 | 3.02 | 12.07 |
| Total Liabilities | 686.10 | 1125.11 | 1394.71 |
| Cash Flows (₹ Crores) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 149.12 | 255.02 | 268.27 |
| Net Cash Generated From / (used in) Investing Activities | -338.74 | -1294.88 | -360.12 |
| Net Cash Generated From / (used in) Financing Activities | 188.92 | 1021.36 | 71.60 |
| Net Increase (Decrease) in Cash and Cash Equivalents | -0.72 | -18.50 | -20.25 |
Strengths
1. Largest on-demand asset pooling provider in India’s supply chain management sector
2. Wide pan-India network with 14.70 million assets and 10,100 customer touchpoints
3. Diversified product portfolio across pallets, containers, and MHE
4. Strong customer base with 1,000+ customers across multiple high-growth industries
5. Technology-enabled operations with RFID, IoT, SAP S/4HANA, Salesforce, and MyLEAP platform
6. Strong market positioning further enhanced by the CHEP India acquisition
Weaknesses
1. Revenue concentration in pallet pooling business
2. Capital-intensive business model with high dependence on asset quality, maintenance, and utilization
3. Rising depreciation, finance costs, and operating expenses could pressure margins
4. Dependence on suppliers and service providers for assets and logistics support
Opportunities
1. Growing adoption of palletization and asset pooling in India
2. Increasing demand from e-commerce, FMCG, 3PL, automotive, and industrial sectors
3. Scope to deepen cross-selling across pallets, containers, and MHE offerings
4. Expansion potential from technology-led supply chain optimization and sustainability trends
Threats
1. Entry of large domestic or international players with strong capital backing
2. Changes in customer preferences toward alternative pallet materials or one-way models
3. Asset leakage, damage, and recovery inefficiencies in the pooling model
4. Macroeconomic slowdowns affecting customer demand and supply chain volumes
1. Market leader in India’s asset pooling space
2. Operates in a category with high barriers to entry
3. Large and growing customer base across resilient sectors
4. Strong growth in revenue and profitability in FY26
India’s palletization and pallet pooling market is still at a relatively early stage, creating strong long-term headroom for growth. According to the RHP, developed markets such as North America and Europe already have high palletization and pooling penetration, while India remains underpenetrated despite increasing demand for supply chain modernization.
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FAQs
LEAP India opens from August 7, 2025 to August 11, 2026.
The size of LEAP India is ₹2,480.00 Cr.
The price band of LEAP India IPO is fixed at ₹151 to ₹159.
Once the LEAP India IPO is officially open, one can simply follow the process to apply for the IPO:
To apply for LEAP India IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the LEAP India IPO
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of LEAP India is of 94shares and the investment required is ₹14,194.
The share allotment date of LEAP India IPO is August 12, 2026
The LEAP India IPO will likely be listed on August 14, 2026.
JM Financial Ltd is the book running lead managers for LEAP India IPO.
1. Repayment / prepayment, in full or in part, of certain borrowings availed by the Company
2. General Corporate Purposes